SINGAPORE - NTUC FairPrice opened its Warehouse Club today, the first membership-only retail warehouse in Singapore for groceries and household consumables.
The warehouse store spans over 80,000 square feet and takes up two storeys at the FairPrice Hub, which is located at 1, Joo Koon Circle.
Carrying a product range of 4,000 items, the mega retail store follows a similar format of successful membership-based stores in countries such as the US, Japan, Korea, Taiwan and Australia. The concept store sees shoppers enjoy very steep discounts by buying in large quantities.
As of today, the club has amassed close to 12,000 members.
Mr Gerry Lee, Deputy CEO of Operations at NTUC FairPrice, said: "Over the years, we have progressively introduced various retail formats to better serve our customers' needs as we stay close to their changing lifestyles and market trends. Today, we are proud to bring another exciting new retail format that aims to provide our members with quality products at the best value, through large discounts with bulk buys, multi-packs and exclusive brands.
Products at the warehouse are sold in larger than usual packages and by purchasing items in bulk packs, club members can enjoy up to 20 per cent in savings on a selected range of essential groceries, fresh and frozen food, household consumables, health and beauty products and general merchandise.
There will also be selected items in the store that will be discounted up to 50 per cent.
NTUC Fairprice said that it is working to bring in brands sourced from around the world to provide greater variety. One of these brands include Kirkland Signature, a popular housebrand of Costco - a multi-national retailer that also operates membership-based warehouse stores.
Membership costs $35 per year for NTUC Union members and $50 per year for non-union members.
More information can be found at www.warehouseclub.com.sg.